The Atlanta Real Estate Market

Atlanta Market Rental Factors

The metro Atlanta population has grown by 2.4 million in the last 20 years, and the region is now home to more than half the state’s population.

Metro Atlanta is expected to add nearly 2 million people – greater than the population of metro Austin, Texas, moving here – and 1 million jobs by 2030.

From the Metro Atlanta Chamber of Commerce Chamber 101 report:

Population Growth

2000-2008 72,000 per year

2008-2010 20,000 per year

2011-2020 projected at 90,000 per year

Job Market

2000-2008 63,000 jobs a year

2008-2010 loss of 200,000 jobs

2010-2020 projected 60,000 jobs added per year

From the National Association of Residential Property Managers:

Average rental days on market for 2010: 70 days

Average Metro Atlanta Rent:

Average rent 3 bedroom $1,121

Average rent 4 bedroom $1,454

From Rentbits:

Medium and Average rents for our zipcodes:

3+ bedrooms medium rent $975

3+ bedrooms average rent $1026

Population of 5.3 million

40,000 High School graduates per year

24,000 College graduates per year

Medium age: 33

Union participation: 4.1% versus national average of 12.1%

What Others Say About Atlanta

Forbes Magazine ranked Atlanta as the #1 rental market.

CNNMoney.com says Atlanta is the 4th best city in America to invest in.

Forbes Magazine ranks Atlanta the 4th most affordable

U.S. market. 3rd in job growth.U.S. Economic Rankings

3rd in job growth

Home to the world’s busiest airport: Jackson/Hartsfield International

2nd as America’s best cities to relocate

1st in U.S. as least costly large city for business

4th for most Fortune 500 companies’ headquarters (From the Metro Atlanta Chamber of Commerce Chamber 101 report)

Buford, GA #3 best places to live and launch 2008

http://money.cnn.com/galleries/2008/fsb/0803/gallery.best_places_to_launch.fsb/3.html

Notable Awards:

Forbes magazine’s 1st Place “Most Wired Cities”(January, 2008)

fDi’s North American Cities of the Future 2007/08, “Most Business Friendly”(April, 2007)

AARP magazine’s “Reason for Optimism: Safer Cities” (March/April 2007). Analysis of crime decreases over the last five years.

Kiplinger magazine’s “Best Cities for Married with Kids” (May 2007)

Forbes “Best Cities for Singles”(September 2008)

KPMG’s 2nd Place “Most Cost Competitive Locations” (March 2008)

Black Enterprise, “10 Best Cities for African-Americans,” (May 2007)

The Boyd Company 2007 Comparative Corporate Headquarters Operating Cost Study, “Least Expensive City for Corporate Headquarters” (July 2007)

Expansion Management magazine’s, 3rd Place “Most Logistics Friendly Metros” (October 2007)

Forbes magazine’s “Best Cities for Young Professionals” (June 2007)

Forbes magazine’s “America’s Fastest Growing Large Metros” (January 2008)

KPMG’s “Top Cities With Tax Structures Favorable to Business” (2008)

Forbes magazine’s 4th Place “Best Cities for Jobs in 2008” (January 2008)

FORTUNE, “Cities with the Most Fortune 500 Headquarters” 5th (April 2008)

Forbes magazine’s “Best Places for Business & Careers” (March, 2008)

Expansion Management, “America’s 50 Hottest Cities for Business Expansion & Relocation”

(January/February 2007)

CNN MONEY.com/BUSINESS 2.0, “Ten Hot Cities for Job Growth” (May 2007)

Mastercard’s “Top Cities in the MasterCard Worldwide Centers of Commerce” 6th (2008)

U.S. News & World Report’s Top Public Universities

7th Georgia Institute of Technology

20th University of Georgia

U.S. News & World Report’s Top Universities

18th Emory University

35th Georgia Institute of Technology

U.S. News & World Report’s Best Undergraduate Programs

5th Engineering Georgia Institute of Technology (1st in Industrial/Management; 2nd in Aerospace, 3rd in Biomedical, 4th in Mechanical and 5th in Civil)

13th Business Emory University

33rd Business University of Georgia (2nd best in Insurance/Risk Management)

U.S. News & World Report’s Top Graduate Schools

4th Engineering Georgia Institute of Technology

9th Computer Science Georgia Institute of Technology

20th Medical School Emory University

22nd Law School Emory University

24th Business Emory University

5th Business (Part-time MBA) Georgia State University

25th Education University of Georgia

Company Headquarters and largest employers include:

Delta, UPS, Home Depot, AT&T, Coca Cola, Coca Cola Enterprises, Georgia Pacific, Southern Company, Cox Enterprises, Turner Broadcasting, AirTran, Emory/CDC, Lockheed, SunTrust, Newell Rubbermaid, AFLAC, Mohawk Industries, and Equifax